ATHENIAN SHIPBROKERS S.A. · 2016. 3. 3. · ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str.,...

ATHENIAN SHIPBROKERS S.A.

107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040

Internet Mail: athenian(at)atheniansa(dot)gr www.atheniansa.gr

February 2016

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Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2010* 2011* 2012* 2013* 2014* 2015* Feb-16

VLCC 5Y 87.8 55.6 56.0 55.8 77.1 80 76

VLCC 10Y 64.3 34.1 35.0 35.0 52.1 55 56

SUEZMAX 5Y 62.8 45.6 40.2 39.5 56.8 60 57

AFRAMAX 5Y 44.5 34.7 28.0 27.8 41.9 46 40

AFRAMAX10Y 30.7 19.3 16.3 16.3 26.8 31 27

PANAMAX5Y 39.0 30.9 24.3 24.3 33.4 35 35.8

45K 5Y D/H 27.3 25.8 23.0 23.3 23.8 28.9 27.3

45K 10Y D/H 19.7 15.8 15.5 15.7 15.2 19.6 20

45K 20Y 6.7 6.0 6.2 6.2 6.5 8.5 8

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2010* 2011* 2012* 2013* 2014* 2015* Feb-16

CAPESIZE 5Y 57.0 36.3 32.0 43.9 39.5 25 23.7

CAPESIZE 10Y 43.0 26.8 20.5 31.0 27.8 13.6 12

CAPESIZE 15Y 26.0 15.2 12.7 18.2 16.3 8.5 7

CAPESIZE 20Y 16.4 10.5 9.3 10.1 9.0 5.6 5

PANAMAX 5Y 38.5 26.4 18.0 25.6 20.1 14 13

PANAMAX 10Y 31.6 18.6 12.5 17.9 14.6 8.5 8

PANAMAX 15Y 23.1 12.4 8.3 12.0 10.0 5 3.6

PANAMAX 20Y 13.8 8.1 5.4 7.5 5.4 3.6 2.5

SUPRAMAX 5Y 31.9 26.4 23.3 24.3 20.8 13.6 12

http://www.atheniansa.gr/

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Pri

ce (

USD

Mio

)

Monthly Tanker Market Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H

0

10000

20000

30000

40000

50000

60000

70000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

PMAX 1 Yr T/C MR 1 Yr T/C

0.0

10.0

20.0

30.0

40.0

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70.0

Pri

ces

(USD

Mio

)

Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y PMAX 5Y

PMAX 10Y PMAX 15Y SUPRA 5Y HMAX 5Y

HMAX 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

30000

35000

40000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 1 Yr T/C



3

S E C O N D H A N D T O N N A G E M A R K E T

*Excluding demolition sales

Sale and Purchase Market

Ship Type Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Total

BULK 41 36 41 46 41 35 240 TANK 32 19 29 20 26 23 149 GAS 1 8 1 2 2 4 18 CONT 12 12 9 6 4 4 47 TWEEN/MPP 1 2 1 2 0 7 13 REEF 0 0 1 0 0 0 1 RORO 0 0 0 2 0 0 2 FERRY 0 0 1 0 0 0 1 CRUISE 0 0 0 0 0 0 0

Total 87 77 83 78 73 73 471

264

35

254

41

0

100

200

300

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry (>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

151

23

173

23

0

50

100

150

200

THIS MONTH - PREVIOUS MONTH

S&P Activity Tankers (>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES



4

TANKER SALES

NAME DWT BLT PRICE $ BUYER

SICHEM COLIBRI 3592 2001 KOREA DH 5.5 MIO ENBLOC BSS▼ SICHEM SPARROW 3596 2001 KOREA DH 5.5 MIO UNDISCLOSED (STST. Price Each)

RATANA UBON 4990 1994 JAPAN DH 2.5 MIO FAR EASTERN (STST) RUI HE 4999 2008 CHINA DH 4.8 MIO UNDISCLOSED (Epoxy) ANGIMAR 5841 2001 TURKEY DH 5.5 MIO MEXICAN (incl 2 yrs BB) DRAGONARIA 6555 1998 JAPAN DH 3.2 MIO TAIWANESE (Epoxy) OSTROV MONERON 9013 1989 JAPAN DH 2.4 MIO CHINESE (STST) TERNLAND 10877 1996 NORWAY DH 5.3 MIO SWEDISCH (Zinc) MARACAS BAY 30957 1998 JAPAN DH 7.7 MIO INDONESIAN

MORGANE 36660 2006 KOREA DH 18 MIO ENBLOC BSS▼ MELIORA COGITO 37620 2006 KOREA DH 18 MIO GREEK (Ice 1A. Price each)

KING ERNEST 36997 2004 KOREA DH * ENBLOC BSS▼ KING EVEREST 37229 2001 KOREA DH * ENBLOC BSS▼ KING EDWARD 37384 2004 KOREA DH * ENBLOC BSS▼ KING EMERALD 38850 2004 KOREA DH 50 MIO UNDISCLOSED (Ttl price)

CIELO DI ROMA 40096 2003 KOREA DH 13.8 MIO AKAR

TRF OSLO 45000 2014 KOREA DH 37.5 MIO ENBLOC BSS▼ TRF BERGEN 49126 2015 VIETNAM DH 37.5 MIO UACC (Epoxy/zinc. Price each)

LA BOHEME 73672 2007 KOREA DH * ENBLOC BSS▼ LORELEI 73673 2007 KOREA DH 55.5 MIO GREEK (Ice 1A. Ttl Price)

MARITINA 74993 2006 JAPAN DH 26 MIO UNION MARITIME OCEAN MARE 106004 2006 KOREA DH 27 MIO UNDISCLOSED (SS/DD 02/2016)

NAVION TORINITA 106852 1992 JAPAN DH 6 MIO UNDISCLOSED (Shuttle. Laid up

since 2012)

833

468

714

350

450

550

650

750

850

950

8 11 14 17 20 23 26 29 32 35 38 41 44 47 50 1 4 7

WEEK NO

Baltic Clean Tanker - Yearly

2016 2015

1052

601

951

400

500

600

700

800

900

1000

1100

8 11 14 17 20 23 26 29 32 35 38 41 44 47 50 1 4 7

WEEK NO

Baltic Dirty Tanker - Yearly

2016 2015

635

554

518

500

550

600

650

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Clean Tanker - Monthly

787

819

751

720

740

760

780

800

820

840

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Dirty Tanker - Monthly



5

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

GRENDON 5243 1996 JAPAN 5016 3.8 MIO FAR EASTERN CAMBRIDGE 26427 2006 KOREA 34487 41.5 MIO INDIAN BENNY PRINCESS 49301 1992 JAPAN 73869 24 MIO CHINESE GOLAR TUNDRA 82200 2015 KOREA 154948 330 MIO UNDISCLOSED

41000 31350 26400

0100002000030000400005000060000700008000090000

100000110000

Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

47500

36000

29500

10000

20000

30000

40000

50000

60000

70000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

PANOS CREATION 27383 1998 CHINA CR 4X30 0.8 MIO SOUTH AFRICAN (Via Auction. Laid up

with engine problems) VOGE FIESTA 29516 1997 CHINA CR 5X30 2.3 MIO UNDISCLOSED APOLLO 30855 1996 JAPAN CR 4X25 2 MIO UNDISCLOSED (Laker) MAREN BULKER 31945 2008 JAPAN CR 4X30 7.55 MIO HONG KONG GREAT DREAM 33745 2004 JAPAN CR 4X30 4.9 MIO UNDISCLOSED BIANCO VENTURE 33773 2004 JAPAN CR 4X30 5.3 MIO VIETNAMESE

LONG FORTUNE 36000 2015 CHINA CR 4X45 6.75 MIO UNDISCLOSED (Via Auction. 80%

complete) OCEAN KITE 37187 2012 KOREA CR 4X30 8 MIO UNDISCLOSED STOVE TRADITION 46223 1998 JAPAN CR 4X30 3.5 MIO UNDISCLOSED SPAR ORION 47639 1996 JAPAN CR 4X25 2.1 MIO CHINESE BIANCO BULKER 52027 2001 PHILIPPINES CR 4X30 3.3 MIO MID EASTERN TRIPLE STAR 52454 2005 JAPAN CR 4X30 5.75 MIO UNDISCLOSED FALCON TRADER II 54924 2009 JAPAN CR 4X30 7.8 MIO UNDISCLOSED FEDERAL BAFFIN 55309 2007 JAPAN CR 4X30 7.75 MIO EUROPEAN ASTON TRADER II 55496 2008 JAPAN CR 4X30 6.8 MIO UNDISCLOSED NEW PACIFIC 55677 2005 JAPAN CR 4X30 5.5 MIO INDONESIAN WIDAR 56859 2011 CHINA CR 4X35 7.9 MIO UNDISCLOSED NS TRADER I 57981 2013 CHINA CR 4X35 9.2 MIO UNDISCLOSED CYMBELINE 73060 2001 JAPAN GLESS 3.3 MIO UNDISCLOSED

MANZONI 75403 2013 CHINA GLESS 14.3 MIO ENBLOC BSS▼ SUNSHINE 75598 2010 CHINA GLESS 10.9 MIO ENBLOC BSS▼ INFINITY 9 77901 2013 CHINA GLESS 14.6 MIO GREEK (Price Each)

ORSOLINA BOTTIGLIERI 75413 2001 JAPAN GLESS 3.5 MIO UNDISCLOSED

216

183

209

170

180

190

200

210

220

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Handysize

2

299

243

327

200

250

300

350

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Supramax

2

282

358

346

260

280

300

320

340

360

380

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Panamax

4

215

223

182

175

185

195

205

215

225

235

01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016

Baltic Capesize

4 38



7

MEDI KOBE 75924 2001 JAPAN GLESS 2.7 MIO UNDISCLOSED EPSON TRADER 82656 2007 JAPAN GLESS 7.5 MIO ASIAN DOUBLE PROGRESS 88266 2007 JAPAN GLESS 6.8 MIO EUROPEAN KOHYOHSAN 172564 2001 JAPAN GLESS 5 MIO KARADENIZ (for conversion) GOLDEN HOPE 176890 2009 JAPAN GLESS 19 MIO WINNING SHIN SHO 177489 2006 JAPAN GLESS 11.7 MIO GREEK

HANJIN BUSAN N255 179800 2015 KOREA GLESS 35.3 MIO ENBLOC BSS▼ HANJIN BUSAN N256 179800 2015 KOREA GLESS 35.3 MIO GREEK (Price each)

MARIA D 180000 2015 KOREA GLESS 34 MIO GREEK OBELIX 181433 2011 JAPAN GLESS 23.75 MIO GREEK SPRING ZEPHYR 181725 2010 JAPAN GLESS 22.25 MIO CARVAL FORTUNE 182000 2016 JAPAN GLESS 35.8 MIO GREEK

2900

5300

3100

0

2000

4000

6000

8000

10000

12000

14000

16000

18000


$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

6025

4750 4500

4100

5100

6100

7100

8100

9100

10100

11100

12100

13100


$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44



8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

PLATRES 7691 2008 CHINA CR 2X40 629 3.5 MIO UNDISCLOSED (Bank Sale) HELENE 33074 2005 GERMANY CR 3X45 2524 8 MIO ITALIAN KOTA PERMATA 39446 2008 KOREA GLESS 2824 10.5 MIO UNDISCLOSED KOTA PERMASAN 39479 2008 KOREA GLESS 2824 10.5 MIO UNDISCLOSED

MPP/TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

FAST VICTOR 3480 2006 POLAND GLESS 136 3.2 MIO BELGIAN

TONG CHENG 601 5821 2010 CHINA GLESS * ENBLOC BSS▼ TONG CHENG 602 5821 2010 CHINA GLESS 6.76 MIO CHINESE (Ttl Price)

WILSON MALO 6433 1978 SWEDEN GLESS 238 0.8 MIO ROMANIAN UAL ANGOLA 10618 2002 NETHERLANDS CR 2X80 668 4.7 MIO SCHEPERS

THORCO SERENITY 10037 2004 JAPAN CR 2X30, D 1X30

3.6 MIO UNDISCLOSED (ROLO)

TRANSHAWK 16558 2004 CHINA CR 3X35 658 4.5 MIO UNDISCLOSED



9

N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S

Ship Type 2016 2017 2018+ Total

Capesize 164 37 24 225

Panamax 219 70 21 310

Supra/Hmax 414 138 18 570

Handies 225 92 47 364

Total 1022 337 110 1469


ULCC/VLCC 58 46 26 130

Suezmax 39 57 11 107

Aframax 67 71 35 173

Panamax 30 30 9 69

MR+Small 230 151 60 441

Total 424 355 141 920


VLGC 46 26 11 83

LGC 2 0 0 2

MR 31 37 4 72

Handy 20 11 1 32

Small 7 1 1 9

Total 106 75 17 198

93.4

62

51

35.4

20

40

60

80

100

120

Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

45.5

25.7

24.1

20

10

20

30

40

50

60

70

Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16

$m

Bulker Prices Capesize Panamax

Handymax Handysize

5



10

142

398

10

660

235

4

128

208

4 0

100

200

300

400

500

600

700

2014 2015 Feb-16

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

92.5

25

9.5

41.8 38.7

16.7

0

10

20

30

40

50

60

70

80

90

100

Feb-16 2017 2018+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

40.3

16.8 19.2

5.2

16

0

5

10

15

20

25

30

35

40

45

February 2016

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

45.7

25.6

34.8

13.2

0

5

10

15

20

25

30

35

40

45

50

February 2016

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Feb-16 2015 2014 2013 2012 2011 2010 2009 2008 2005 1995 1990 1985

310,000 DWT1 93.4 93.7 97.3 93.8 93.2 98.9 104.8 97.5 150 120 85.3 87.4 2 38.2

170,000 DWT1 62 63 65.5 59.6 57.1 60.3 66.3 61 90 71.5 54 66.1 2 28.2

110,000 DWT1 51 52 53.6 52.2 48.5 52.2 56 49.5 74 58 43.3 53.2 2 18.1

47,000 DWT1 35.4 35.4 36.8 34.6 33.8 35.2 36.1 35 46.5 43 33.2 3 32.1

3 13.3

Bulkers

180,000 DWT1 45.5 46 54.2 53.6 45.7 48.4 57.2 55.5 87 58.5 42.3 60.2 29.3

73,000 DWT1 25.7 25.7 29 27.8 25.6 28.7 34.3 34.5 45.5 36 27.9 30 13.4

45,000 DWT 24.1 24.1 27.2 26.5 23.7 26.7 31.1 29 41 31 24.1 25.3 12.4

29,000 DWT 20 20.3 22.8 22.2 20.5 22.2 26.3 24.5 31 25.5 19.2 21.3 9.7

1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000 DWT

(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)



11

The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

Accom. Unit 2500 Damen Galati 2018 Bibby Marine

Asp.&Bitu 7800 Guangzhou Hangtong 2017 Tianjin Southwest

Asp.&Bitu 7800 Guangzhou Hangtong 2017 Tianjin Southwest

Bulk 38800 Huangpu Wenchong 2017 CSSC Shipping (HK)

Bulk 81500 Oshima SB Co 2019 U-Ming Marine Tran.

Bulk 81500 Oshima SB Co 2020 U-Ming Marine Tran.

Chem & Oil 50000 Hyundai Mipo 2017 Unknown

Chem & Oil 50000 Hyundai Vinashin 2018 Latsco (London)

Chem & Oil 50000 Hyundai Vinashin 2018 Latsco (London)

Chip 65000 Oshima SB Co 2018 Nippon Yusen Kaisha

Cruise 20000 STX France 2019 Eur 800 Mio MSC Cruises

Cruise 20000 STX France 2020 Eur 800 Mio MSC Cruises

Cruise Meyer Werft 2019 Saga Cruises

CS/BW Dredger IHC Holland 2016 Van Oord

Pass/Car F. Batamec Shipyard 2017 Unknown Indonesian

Pass/Car F. Batamec Shipyard 2017 Unknown Indonesian

PCC 21000 Zhejiang Yangfan 2018 Grimaldi Group

PCC 21000 Zhejiang Yangfan 2018 Grimaldi Group

Products 6500 Batamec Shipyard 2017 Unknown Indonesian

Roro 6300 MHI Nagasaki 2018 KYK




Tanker 311000 Hyundai Samho HI 2018 Kyoei Tanker Co.

Tanker 158000 Hyundai Samho HI 2017 Ditas-Denizcilik

Tanker 158000 Hyundai Samho HI 2017 Ditas-Denizcilik

Tanker 158000 Hyundai Samho HI 2018 Ditas-Denizcilik Option

Tanker 158000 Hyundai Samho HI 2018 Ditas-Denizcilik Option

TSH Dredger IHC Dredgers 2018 Adani Ports & SEZ

TSH Dredger IHC Dredgers 2018 Adani Ports & SEZ

TSH Dredger COSCO Guangdong 2018 Dredging Intl NV



12

D E M O L I T I O N M A R K E T

Demolition Historical Data

280 250

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Tankers* 2013 2014

2015 2016

*India month's end prices

260 225

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Bulkers* 2013 2014

2015 2016

*India month's end prices

38

25.6

14.5

4.9 2.35

4.6 3.8

15.9 16.7 18.9

15.5 18

15.6

25

30.5

22.4

28.4 28.5 27

10 5.5 6.5 5

12

28.9 25.7

31.58

50.3

41.8

34.3 38.8

9.6

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 225 /lt Ldt USD 250 /lt Ldt

Bangladesh USD 220 /lt Ldt USD 245 /lt Ldt

Pakistan USD 220 /lt Ldt USD 250 /lt Ldt

China USD 110 /lt Ldt USD 125 /lt Ldt



13

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 CURR.

TANK 115 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 250 BULK 112 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 225

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK ALDAN 7850 1989 4174 205

BULK ORCA K 11594 1975 3446 238

BULK K NO 8 13229 1981 4588 225 En bloc with K No 9

BULK K NO 9 16830 1981 5195 225 En bloc with K No 8

BULK EURASIA 13497 1984 4050 220

BULK STARFORD 8 25357 1984 5893 214

BULK KING GRACE 33504 1986 10457 225

BULK AMOVITA 38888 1986 7140 230

BULK KIANA PIONEER 40763 1986 7090 252

BULK EIRINI K 41712 1996 8400 242

BULK GANT VISION 43536 1992 8144 251

BULK NEW FORTUNE 44820 1994 2374 228

BULK AARTI PREM 69087 1994 9762 231

BULK LONG YUAN 69346 1989 9089 245

BULK EVERTOP 69555 1993 9765 243

BULK AODABAO 74137 1995 9598 243

BULK ANEMONE 151439 1990 18491 238

BULK MARY 152107 1993 18466 243

BULK ANANGEL AMBITION 161526 1994 19215 247 As is Spore incl ROB

BULK MONA LINDEN 170473 2000 20669 230

BULK CAPE JUPITER 172480 1997 21297 232 As is Spore incl 850T ROB

BULK BOLD CHALLENGER 227183 1988 27186 228

CONT ALBERT RICKMERS 30721 1998 11461 281

CONT WESERWOLF 39128 1999 13062 248

CONT YM KAOHSIUNG 50059 1998 16203 275

CONT HANJIN MALTA 62649 1993 18954 265

CONT MOL ADVANTAGE 66532 2001 24572 252 As is Hong Kong incl ROB fr voy to India

CONT NETHERLANDS 67473 1997 24225 265

RORO MORNING MELODY 13162 1988 12948 260

TANK STOLT SAPPHIRE 38746 1986 11483 260 Green recycling

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend



14

Bangladesh


BULK FENGHUANG SHAN 73330 1997 10660 234

BULK EVER MIGHTY 75265 1996 11570 245 Incl 500T ROB

BULK HE FU STAR 148535 1994 17880 225 BULK WINNING FRIEND 152034 1993 18538 232 BULK CHAMPEL 168968 1998 21686 241 BULK NEW LEON 173246 1995 21846 219

BULK NEWFOREST 185688 1996 22683 262 Option Pakistan

BULK MEYNELL 185767 1997 22521 265

BULK ORE ITABIRA 189043 1991 21274 240

CONT SANTA GIOVANNA 30201 1996 8840 265 As is Colombo incl abt 195T ROB

TANK WUGANG ORIENT 267710 1991 37342 234

TANK RENATE N 278380 1992 40428 230

China


N/A N/A N/A

Pakistan


BULK SAMJOHN SPIRIT 71730 1994 10319 245

BULK DONG-A RHEA 149505 1993 23900 243

BULK SUNNY STAR 149515 1991 18448 237 Option India

BULK CAPE CARMEL 179869 1996 22583 243

TANK FARIDAH 301858 1995 41261 241

Turkey


N/A N/A N/A

Other


BULK ANANGEL LEGEND 161059 1996 19677 247 As is Spore incl ROB



15

H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujeirah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1992 83 161.9 81.5 208.2 78.4 165.2

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 97.3 179.9

1998 66.5 112.2 69.2 152.2 67.2 136.9

1999 94 133 98.5 157.2 93.3 143.9

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

2013 585 920 620 1010 580 985

2014 310 570 350 880 315 695

2015 140 311 170 560 140 360

Feb-16 144 289 150 415 135 338

0

100

200

300

400

500

600

700

800

USD

/to

n

Bunkers Cost (380 cst)

Rotterdam

Fujeirah

Houston

Average Trend

0

200

400

600

800

1000

1200

USD

/to

n

Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend



16

M A R K E T I N D I C A T O R S

GBP CAD EUR JPY CHF USD

AUD

GBP 1 0.53317 0.78759 0.00632 0.72282 0.72065 0.5134

CAD 1.87339 1 1.47645 0.01185 1.35485 1.35103 0.9625

EUR 1.26809 0.67649 1 0.00802 0.91738 0.91435 0.65157

JPY 158.04 84.31 124.57 1 114.27 113.96 81.17

CHF 1.38148 0.73703 1.08906 0.00874 1 0.99618 0.7097

USD 1.38664 0.73985 1.09283 0.00877 10.00283 1 0.71242

AUD 1.94439 1.03744 1.53276 0.01229 1.4062 1.40223 1 * 29/02/2016 values

60

70

80

90

100

110

120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

Currencies USD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arre

l

Brent Oil



17

S T O C K W A T C H

NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

Capital Product Partners CPLP 3.31 4.23 -21.7 10.06 3.01

Diana Shipping Inc. DSX 2.43 2.62 -7.3 8.27 1.95

Dryships Inc. DRYS 0.11 0.12 -11.8 0.98 0.08

Dynagas LNG Partners LP DLNG 8.95 9.40 -4.8 20.88 6.70

Eagle Bulk Shipping Inc. EGLE 0.69 1.38 -50 11.85 0.41

Euroseas Ltd. ESEA 2.00 2.15 -7 8.80 1.71

Freeseas Inc. FREE 0.04 0.15 -76.9 2.14 0.03

Costamare Inc. CMRE 7.18 6.78 5.9 20.50 6.01

Goldenport Holdings Inc. GPRT 13.12 14.00 -6.3 144.75 12.00

Navios Maritime Holdings NM 0.82 0.91 -9.9 4.62 0.68

GasLog Ltd. GLOG 9.43 7.17 31.5 23.84 5.24

Paragon Shipping Inc. PRGN 0.04 0.10 -58.8 1.89 0.04

Safe Bulkers Inc. SB 0.55 0.42 30.2 4.13 0.30

Star Bulk Carriers Corp. SBLK 0.61 0.40 51.3 4.66 0.31

Stealthgas Inc. GASS 3.10 2.91 6.5 7.10 2.39

TEN Inc. TNP 5.83 5.78 0.9 10.50 4.79

TOP Ships Inc.♦ TOPS 2.81 0.26 980.8 2.97 2.55

Box Ships Inc. TEUFF 0.11 0.12 -6.8 0.13 0.11

Diana Containerships Inc. DCIX 0.41 0.60 -31.7 0.44 0.38

Danaos Corporation DAC 4.45 4.96 -10.3 6.70 4.26

Aegean Marine Petroleum ANW 7.14 6.93 3 7.32 6.44 * 26/02/2016 closing values ♦Reverse Split

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards,

ATHENIAN SHIPBROKERS S.A.


ATHENIAN SHIPBROKERS S.A. · 2016. 3. 3. · ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str.,...

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